We now have a video courtesy folks at Japanese blog Macotakara (via Sonny Dickson), which shows a partially assembled iPad 5 with the rear shell and front panel.

Just like the photo, the video reveals the bezels will be a lot thinner at the side in portrait mode, and appears to be thinner than the current generation iPad.

The only difference between the rear shell shown in the photo and the video is the Apple logo. The logo appears to be translucent (which is quite odd), where as in the photo it appeared to be mirrored/silver like the iPad mini.

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